Content about Corporate finance

April 3, 2012

A former co-founder of Building Industry Partners has formed a new venture that targets privately owned “middle market” LBM companies. Anchor Peabody LLC, founded by Jason Fraler, offers private equity capital, mergers and acquisitions and debt advisory to the building and construction industry. 

Joining the firm’s advisory board is Tony DeCarlo, the former CEO of Lumbermens Merchandising Corporation (LMC).

January 16, 2012

After a series of talks, Illinois Tool Works (ITW) has agreed to give Relational Investors, the activist investment firm, an option to appoint its co-founder to ITW’s board of directors.

Based in San Diego, Relational Investors typically buys stocks in companies it wants a role in managing, including a seat on the board of directors. Proposals often include change in executive compensation salaries and a boost in shareholder values. 

December 6, 2011

Resolute Forest Products has announced its intention to acquire all the issued and outstanding common shares of Fibrek Inc. The offer of C$1 per share in cash, or C$0.55 in cash and 0.0284 of a Resolute Forest Products common share will expire on or before Dec. 31.

According to Resolute, the offer represents a premium of approximately 39% over the closing price of Fibrek's shares on Nov. 28, and a premium of approximately 31% over the volume-weighted average trading price of the shares on the Toronto Stock Exchange or the 20 trading days ending on that date.

August 10, 2011

New Britain, Conn.-based Stanley Black & Decker's wholly owned Swedish subsidiary has acquired in total 72,005,890 class B shares of global security firm Niscayah Group.

The shares represent approximately 19.8% of the outstanding shares and approximately 13.9% of the total number of votes in Niscayah.

The acquisition of these shares was made through purchases outside of the company’s pending tender offer to acquire all the outstanding shares and warrants of Niscayah. 

July 26, 2011

BlueLinx Holdings has raised approximately $58.5 million after investors fully subscribed to a $60 million rights offering that expired on July 22.  Following the issuance of the newly subscribed shares, which is expected to occur on or about July 28, 2011, BlueLinx will have approximately 61.8 million total shares outstanding. 

Cerberus ABP Investor will remain the majority stockholder, owning approximately 55% of BlueLinx' common stock.

June 2, 2011

Customer service, glue traps and corporate democracy were among the issues on the table at a wide-ranging Home Depot annual shareholders meeting in Atlanta Thursday.

Home Depot’s shareholders approved the company's recommendations for its board of directors and executive pay structure. And it defeated a shareholder proposal regarding shareholder control of corporate political gifts.

May 11, 2011

Building Industry Partners (BIP), a private equity investment and mergers & acquisitions advisory firm specializing in the middle-market U.S. building industry, has announced the formation of its Debt Advisory & Placement Practice, which will leverage its relationships with the lender community to advise building products companies in restructuring and/or refinancing existing loans, as well as sourcing and optimizing terms on new senior, mezzanine and/or other debt capital.

April 26, 2011

In an effort to raise $60 million, building products distributor BlueLinx has announced it will commence a rights offering of common stock to its stockholders. The proceeds will be used to pay down debt and fund working capital, the company said in an April 26 filing with the Securities and Exchange Commission (SEC). 

February 17, 2011

EcoBlu Products Inc., maker of wood products treated with environmentally friendly protective coatings, received a financial boost from a Singapore-based investment company. 

The Vista, Calif.-based supplier entered an investment agreement with Manhattan Resources Limited this week. A $5 million payment was part of the deal.

"This strategic financing has helped us recapitalize our balance sheet while providing us with the growth capital we need," said EcoBlu President and CEO Steve Conboy. 

February 1, 2011

RONA, one of Canada’s largest chain of home improvement retail outlets, has announced that it will launch an offering of rate reset preferred in partnership with a syndicate of underwriters led by National Bank Financial Inc. and BMO Capital Markets, who are acting as joint book runners.

October 25, 2010

An affiliate of Cerberus Capital Management has dropped its tender offer for BlueLinx Holdings after...

September 22, 2010

Cerberus ABP Investor announced that it has raised its offer for the remaining outstanding shares...

December 30, 2008

BlueLinx announces share repurchase program...

October 30, 2008

The Atlanta-based company reported a net loss of $2.6 million, swinging from profits of $0.9...

October 27, 2008

The Lawn & Garden Performance Group has entered into a marketing partnership with mergers and...

November 15, 2007

Growth plans call for 25 stores in 2007, followed by 30 to 40 new stores per year until 2011....

November 15, 2007

The company withdrew its application due to “unsettled market conditions.”...

September 4, 2007

Home Depot will purchase approximately 290 million shares of company stock for $10.7 billion, meeting...

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